February 26, 2016/Cowry Asset Research In the just concluded week, Nigeria’s external reserves increased week-on-week by 0.02 percent to USD27.80billion as at Wednesday, 24 February, 2016. This followed increase in international crude oil prices amid sustained decrease in crude oil production in the United States as well as on going […]
Tag: Nigeria
Naira Slumps 20.69%, Trades N350 to Dollar
By InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian naira on Thursday slumped 20.69 percent on Thursday following gains recorded earlier in the week reversing to trade N350 to a dollar, according to Cordros daily market update. The update affirmed that as at the time of its report, the naira in the interbank market […]
IMF Staff Completes 2016 Article IV Mission to Nigeria
February 24, 2016/IMF An International Monetary Fund (IMF) team, led by Gene Leon, visited Abuja and Lagos during December 14-17 and January 10–25 to conduct the 2016 Article IV consultation. Discussions focused on assessing the economic impact of the sharp decline in oil prices and policies for addressing near-term vulnerabilities, […]
